About Mool Innovation Labs
Mool Innovation Labs is a Technology company based in Bengaluru (India) founded in 2019 by Subhashree Mishra and Seemant Shrivastav. Cloud-based payroll software is provided for enterprise management. Mool Innovation Labs has raised $31.32 thousand across 1 funding round from investors including STPI, Pontaq and Nextgen Technology Fund. Mool Innovation Labs was last valued at $783 thousand in July 2022. Its chief executive, as recorded, is Seemant Shrivastav. Its Indian entity Mool Innovation Labs Private Limited reported revenue of ₹1.6 Lakh. Its focus areas include FinTech, Finance & Accounting Tech, Tech-Enabled Services and Tax Filing. Its competitors include JJ Tax, Prosperr and ClearTDS; 2 of its 3 listed competitors have raised funding.
Company details
Mool Innovation Labs was established in 2019 in Bengaluru, India, within the financial technology sector. Cloud-based payroll management software is offered to enterprises, encompassing services like salary payouts, document collection, payslip downloads, provident fund reports, TDS filing, and salary calculations. Operations are supported through a subscription-based pricing model, with the platform accessible via moolfinance.com. Leadership includes co-founders Subhashree Mishra as Chief People Officer and Seemant Shrivastav as CEO.
- Headquarters Bengaluru, India
- Founders Subhashree Mishra, Seemant Shrivastav
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website moolfinance.com
- Social LinkedIn X Facebook
- Legal Name Mool Innovation Labs Private Limited
- Date of Incorporation 06 Nov, 2019
- Jurisdiction Navi Mumbai, Maharashtra, India
- Annual Revenue₹1.6 Lakh
FY 2024 · -67% YoY
- Net Loss-₹88.5 Lakh
FY 2024 · -5386% margin
- EBITDA-₹61.3 Lakh
FY 2024 · -3733% margin
- Total Equity Funding$31.32K (USD)
in 1 rounds
- Latest Funding Round$31.32K (USD), Seed
Jul 2022
- InvestorsSTPI
& 2 more
Associated legal entities of Mool Innovation Labs
Mool Innovation Labs operates through Mool Innovation Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mool Innovation Labs Private Limited CIN U72900MH2019PTC332620 | Active | 06 Nov 2019 | Navi Mumbai, Maharashtra | ₹0.0 Cr | 2 | View details |
Funding Insights of Mool Innovation Labs
Mool Innovation Labs has successfully raised a total of $31.32K through 1 strategic funding round. The most recent funding activity was a Seed round of $31.32 thousand completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $31,323
- Total Rounds 1
- Last Round Seed — $31,323
- First Round $31,323
(Jul 2022)
- Investors Count 3
All 1 funding rounds of Mool Innovation Labs with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
Last known valuation $783,004 (Jul 2022). 3 investors in total: 3 institutional.
Investors in Mool Innovation Labs
Mool Innovation Labs has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include STPI, Pontaq and Nextgen Technology Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of incubation services to emerging technologies | 1991 | stpi.in | Delhi, India | |
Venture capital fund focused on UK-India innovation corridor and technology transfer. | 2015 | pontaq.vc | London, United Kingdom | |
Venture capital fund focused on multiple sectors | nextgentechnologyfund.tcc.mode | Chennai, India |
Investor details for Mool Innovation Labs
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Board of directors of Mool Innovation Labs Private Limited (Mool Innovation Labs)
Mool Innovation Labs Private Limited is the primary company behind Mool Innovation Labs. The board of Mool Innovation Labs Private Limited currently have 2 directors; the longest-serving is Seemant Shrivastav, appointed in 2019. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Seemant Shrivastav DIN 06759641 | Director | 06 Nov 2019 | 6 yrs 11 mo | Mool Innovation Labs Private Limited |
| Subhashree Mishra DIN 09003036 | Director | 19 Dec 2020 | 5 yrs 10 mo | Mool Innovation Labs Private Limited |
People of Mool Innovation Labs
2 people are tracked at Mool Innovation Labs (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & Chief People Officer | Leadership | |
| Co-Founder & CEO | Leadership |
Complete people profiles for Mool Innovation Labs
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Financials of Mool Innovation Labs
Figures of Mool Innovation Labs Private Limited, the primary company behind Mool Innovation Labs, for FY 2024. Revenue was ₹1.6 Lakh (-67% year on year). Net loss was -₹88.5 Lakh (-5386% margin). EBITDA was -₹61.3 Lakh (-3733% margin).
- ₹1.6 LakhRevenue · FY 2024 · -67% YoY
- -₹88.5 LakhNet loss · -5386% margin
- -₹61.3 LakhEBITDA · -3733% margin
- ₹10.4 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Mool Innovation Labs Private Limited are on its company page.
Detailed financial statements for Mool Innovation Labs
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Mool Innovation Labs
2 dated milestones of Mool Innovation Labs across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Mool Innovation Labs is founded.
- Funding First funding round of $31K.
Competitors of Mool Innovation Labs
Mool Innovation Labs has 3 listed competitors in our database, 2 of them funded. They include JJ Tax, Prosperr and ClearTDS.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jjfintax.com | 2019 | Gurugram, India | $1.52M | 26 | An app-based platform for taxation and accounting services is offered. | |
| prosperr.io | 2022 | Bengaluru, India | $1.71M | 74 | Tax filing solutions are offered online for businesses and individuals. | |
| cleartds.com | 2013 | Bengaluru, India | 808 | Provides cloud-based taxation solutions for businesses. |
Detailed competitors of Mool Innovation Labs
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Related news about Mool Innovation Labs
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Frequently Asked Questions about Mool Innovation Labs
Mool Innovation Labs was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Mool Innovation Labs is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Seemant Shrivastav is the CEO of Mool Innovation Labs, as recorded in our data. They have also founded this company.
Mool Innovation Labs is a funded company, having raised a total of $31.32K across 1 funding round to date. The company's 1st funding round was a Seed of $31.32K, raised on Jul 2022.
The primary company behind Mool Innovation Labs, Mool Innovation Labs Private Limited, reported revenue of ₹1.6 Lakh for FY 2024, down 67% year on year.
Mool Innovation Labs was established in 2019 in Bengaluru, India, within the financial technology sector. Cloud-based payroll management software is offered to enterprises, encompassing services like salary payouts, document collection, payslip downloads, provident fund reports, TDS filing, and salary calculations. Operations are supported through a subscription-based pricing model, with the platform accessible via moolfinance.com. Leadership includes co-founders Subhashree Mishra as Chief People Officer and Seemant Shrivastav as CEO.
Mool Innovation Labs has 3 investors. Key investors include STPI, Pontaq, and Nextgen Technology Fund.
The valuation of Mool Innovation Labs is $783K as of Jul 2022.
Mool Innovation Labs operates through Mool Innovation Labs Private Limited.
The legal entities of Mool Innovation Labs currently have 2 directors, including Seemant Shrivastav, Subhashree Mishra.